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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (6574)	5/15/2008 12:38:15 AM
From: rayrohn	Read Replies (1) \| Respond to of 41420

I call it a gravestone or inverted Umbrella ... candlesticker.com get them bears to break that up trend line off the Mar 17 spike low my guess it would be a good short to around 610 anyway ....

To: skinowski who wrote (6574)	5/15/2008 3:18:05 PM
From: Galirayo	Respond to of 41420

>>Sorry, my friend, "Inverted Hanging Man" brings up visual imagery which is far too gruesome.... :)<< LOL .. I know ... but I Can Hope. ;) Hammers and Inverted Hammers are just a type of Candle .. when they occur at specific points they are awarded a Secondary title that refers to a Formation. Formations are always more important than a candle. Once a formation is in place it in control until another formation takes control. If I had to guess which candle 'formation' is in control at the moment. It is the "Evening Star" that occurred on the Pivot near May 1st at 657.63 as it tried to cross over the 144DSMA and Completed by the Engulfer. It took over and overruled the Rising 3's [3 day bull flag] end of April / May 1st. I don't really see another important "Formation" since. Just choppy stuff .. nothing that qualifies as 'textbook' anyway. stockcharts.com